Covid-19 restrictions have shut down a key Chinese facility for Apple iPhones
The company’s primary assembly facility in Zhengzhou, China is operating at a “significantly reduced capacity” due to the country’s strict restrictions regarding the Covid-19 virus.
Global freight remains in the fog
While things are moving at a generally lower cost and more fluidly than in the earlier pandemic days, supply chain disruptions are far from over.
Liquefied petroleum, oil, and natural gas are in high demand
Fossil-fuel shipping is experiencing a massive boom, with rates reaching as high as $100,000 per day for some of the largest gas carriers.
Russia has officially pulled out of the UN-brokered grain agreement
The Ukrainian Grain Corridor, originally made possible with the assistance of the neighboring country Turkey and the United Nations is no more.
The EU & the US are going head-to-head over the Inflation Reduction Act
In the recently-passed IRA bill, the United States is offering tax benefits to those renewable energy companies operating domestically.
China currently has the largest reserves of rare earth on the planet
Not only that, but they are also in the top slot for rare earth concentrate production and control up to 90% of the semiconductor chip global manufacturing supply chain.
Defense industry execs and Pentagon leaders tackle supply chain issues
Deputy Secretary of Defense Kath Hicks will be conducting a meeting with top American defense contractors to discuss securing the nation’s supply chains.
American companies are nearshoring at a rapid rate and where China loses, Mexico gains
The U.S. supply chain issues have forced companies to reconsider their sourcing and operations strategies and many have decided to bring everything back close to the chest.
The U.S. & Korea have gained a Maersk air cargo route
Two new weekly flights have been scheduled between Greenville-Spartanburg Airport (GSP) in South Carolina and Incheon Airport (ICN), increasing the air market accessibility between Asia and the Southeast region of the United States.
Louisiana International Terminal sees progress with sustainable infrastructure investments
The Port of New Orleans (Port NOLA), at the mouth of the Lower Mississippi River, will now be serving larger vessels after construction is completed in Violet, St. Bernard Township. T
The Netherlands and the U.S. want to restrict China’s access to advanced chip technology machines
The two nations arranged a meeting between Senior US National Security Council official Tarun Chhabra and Under Secretary of Commerce for Industry and Security Alan Estevez, and they are scheduled to discuss the matter later this month.
The Great “Tech War” between the U.S. and China is underway
The United States Department of Commerce placed 31 Chinese tech companies on an “unverified list” in early October causing some commotion.
Europe’s airports have been on sale, improving airport productivity
In a small sample of sixteen privatized airports, the National Bureau of Economic Research (NBER Working Paper 30544) analyzed 437 privatized airports.
TuSimple CEO fired over improper relations with Chinese startup
The Chinese startup in question, Hydron, develops autonomous hydrogen-powered trucks.
Global supply chain issues have a new culprit: the Mississippi River
Though disrupted supply chains are nothing new, the main waterway from Minnesota to Louisiana has been the victim of record-low water levels due to very little rainfall.
Global unrest and rising costs will keep supply chain issues persistent for some time
According to the results of a recent SAP SE survey of senior business decision-makers, more than half (52%) believe that the supply chain is in desperate need of improvement.
U.S. and Mexico’s trade chiefs are ready to talk about energy policies
After the US-Mexico-Canada Agreement on trade was implanted in 2020, (replacing the previous Nafta pact that was in place for twenty years) the United States and Canada filed complaints against Mexico’s electricity policy.
Russia pulled out of UN-brokered grain deal and the world is not happy
Last week, Russia revoked its agreement to the United Nations-brokered deal that was meant to ease a global food crisis and assist in delivering grain from clogged Ukraine ports in the Black Sea.
Prepare for diesel shortages as winter approaches
The federal government is being asked to intervene in the growing diesel shortage problem.
Maritime industry is threatened by the underlying conflict between China and Taiwan
China has been making veiled - or… not-so-veiled threats of invading Taiwan over recent months.